Japan’s outstanding debt keeps increasing and there are concerns regarding its sustainability. Nevertheless, the financial market seems to be neglecting such concern. Its growing debt level and subdued general price level are not easy to explain from the fiscal theory of price level (FTPL)...

Experiments with family groups are rare, but since many decisions are taken at the household level or occur within the household it is an important area to investigate. I discuss some of the methodological challenges involved in doing experiments with couples and families and consider major...

Forward guidance or more specifically policy duration commitment invented and developed by the Bank of Japan has become an essential part of unconventional monetary policy instruments employed by modern central banks. This paper’s simple empirical analysis finds that the market believes or...

Educational investment involves risks and long-term commitment, and the degree of risk aversion or patience of parents could play a vital role in the schooling decision. Yet, there are few studies analyzing the impact of such preferences on educational investment. This paper utilizes a unique...

In order to shed new light on the methodology of empirical studies on factors relating to patent validity, this study uses criteria based on the difference of the scope of protection at the time of grant and after the challenge as the dependent variable, and includes some new and recently...